Around 13,000 vessels reported their 2024 data on the EU MRV platform in compliance with the MRV guidelines. The CO2 emitted by these vessels in 2024 must be paid for by surrendering 40% EU Allowances (EUAs) for each tonne of CO2. The first due date for the shipping industry to pay its dues is 30 …
First EU ETS shipping payment due 30 September Read More »
In today’s uncertain and turbulent geopolitical and economic environment, Robert Blades, Global Commercial Sales Manager, Peters & May, highlights the increased level of technical research, preparation, loading expertise and industry insight required when managing the movement of oversized cargo on multi-purpose vessels In the world of project cargo transport, rare and complex challenges are unavoidable. …
The Heavy-Lift Work Behind Seamless Out-of-Gauge Cargo Transport Read More »
Asia’s cash differential for very low sulphur fuel oil (VLSFO) flipped from a discount into a premium as of Monday, even as overall fundamentals were still largely bearish. Trade was quiet on Monday, though bids and market structure improved for VLSFO loading in September. The Singapore VLSFO differential was pegged at a premium of about …
VLSFO recovers from discount into premium Read More »
Euroseas Ltd., an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today that it has signed a contract for the construction of two additional modern fuel-efficient 4,300 teu container vessels to be built at Jiangsu New Yangzi Shipbuilding CO., in China. The vessels are scheduled to be …
A potential peace in Ukraine could, in theory, return the tanker market to some sort of normalncy. In its latest weekly report, shipbroker Gibson said that “tanker tonne miles (crude/DPP/CPP) grew 5.4% in 2022 following the invasion and by 7.2% in 2023 after the implementation of the European/US embargo on Russian oil and oil price …
Tankers: Is a return to normal on the Cards? Read More »
Capesize The Capesize market endured a notably weaker week overall, with the BCI 5TC shedding more than $4,000 before closing at $23,160, aided by a $742 uptick today. The Pacific struggled from the outset, with the lack of consistent miner presence weighing on sentiment and pushing C5 rates below $9.00 by midweek. The week, however, …
Dry Bulk Market: Capesizes Fall to 1-month Low Read More »
From a regulatory perspective, some key developments have been introduced or taken effect over the past year, all of which will serve to enhance the safety of bulk carrier operations. ESP Code amendments tighten inspection rules and affect bulk carrier performance In 2022, the ESP Code (the international code on the enhanced programme of inspections …
How new rules and tools are reshaping bulk carrier safety and efficiency Read More »
Pitted as fuels of the future for shipping, methanol and ammonia are now ready to move from the experimental stage to widespread adoption. But while the technological readiness is there, the journey ahead is “a marathon, not a sprint”, according to a report from the Global Maritime Forum, with significant hurdles to clear, particularly in …
Fuels move ‘from pilots to practice’ Read More »
With global maritime trade set to grow by around 50% by mid-century, we have analysed the outlook for global marine fuels in the context of International Maritime Organization (IMO) commitments to reduce greenhouse gas (GHG) emissions from international shipping to net zero by around 2050. A major milestone was reached in April as the IMO …
All hands on deck: the challenge of decarbonising international shipping by 2050 Read More »
At the 113th Session of the International Labour Conference (2–13 June 2025), the International Labour Organization (ILO) adopted the fifth set of amendments to the Maritime Labour Convention, 2006 (MLC, 2006). These amendments, adopted on 6 June 2025, are expected to enter into force in late December 2027 and reflect the international community’s continued commitment …
